first of all, egypt. we've seen days of protests because the new president claims some autocratic powers for himself. yesterday was the first day to see the egyptian market. it plummeted. we really don't know how this arab spring is going to unfold as we head into yet another year of it. >> broadly speaking, is that an oil play? >> yes, that's the possibility as we look at unrest. the other issue is argentina. a new york judge made a controversial ruling against argentina. they have a couple of payments coming up in december and we know a lot of emerging market funds own argentine debts and they may not make the coupon payments. that could have an impact. plus, there's controversy about the decision itself and whether or not it could actually impact the payment and settlement system of the international financial market. i'm sure that's going to get resolved but we should be watching. >> there could be a domino effect. >> exactly. uncertainty. >> we're focusing on greece and spain but -- >> they still mat